The Naftali Group sued a wealthy couple occupying one of its penthouses, claiming that the couple refused to leave after their lease expired and thus preventing the developer from proceeding with a condominium conversion. [more]

The redevelopment of the Upper West Side continues at a brisk pace, with the latest installment arriving at 210 West 77th Street, between Amsterdam Avenue and Broadway.

This new residential building, which is being developed by the Naftali Group, will take the place of an ugly Hertz rental garage that is still standing. The structure is slated to rise 18 stories and contain 25 units priced between $4.9 million and $12 million. [more]

The Naftali Group filed plans with the Department of Buildings today to demolish a five-story parking garage on the Upper West Side and is expected to build residential condominiums on the site, The Real Deal has learned. [more]

The Naftali Group’s Gramercy condo project the Seymour and Ian Schrager’s 357 West Street are among the latest projects to receive a new batch of mind-blowing renderings in the past week or so. Click here for a slideshow and more.

From the March issue:It takes time to earn your chops in New York real estate. The learning curve is steep, and the market demands both skills and connections. Most of the industry’s household names, on both the residential and commercial side — with the exception of real estate scions like Jared Kushner, Justin Elghanayan and a handful of others — are at least well into their 40s. But there are always ambitious young guns rising to the top of the industry. [more]

Several developers are handling purchasing, leasing and construction of dormitory buildings in the city, a job usually done by the postsecondary schools themselves.

Dormitories fit more tenants in a given space than apartments – and universities can save money by outsourcing the job of developing the facilities. But developers have also been criticized for constructing dorms as a tactic to circumvent zoning rules and build double the size of a typical apartment complex. [more]

Town Residential executive Matthew Van Damm has scored a job with developer the Naftali Group, roughly a week after confirming he would take an “indefinite leave” from the residential brokerage.

Van Damm joined Miki Naftali’s firm as an executive vice president, the company told The Real Deal exclusively. In the new role, he’ll help the Naftali Group expand and diversify its real estate portfolio, which has grown in recent months to include properties in Chelsea, Gramercy and the Upper West Side. [more]

Updated, 10:13 a.m., August 19: Miki Naftali has paid $20.1 million for four buildings on West 25th Street, where he will build a 12-story condominium tower, the Wall Street Journal reported.

The two new parcels acquired in the deal, when combined with a site on the same street that Naftali purchased late last year for $37 million, will let Naftali build 61 units ranging from one to three bedrooms, some of which will be rentals. The architect will be Alan Goldstein from Goldstein, Hill & West Architects, whose other projects include 56 Leonard Street, a spokesperson for Naftali Group told The Real Deal exclusively. Stribling Marketing Associates will handle sales at the building, the spokesperson added. [more]

The Naftali Group is already getting calls from potential buyers interested in his Upper West Side condominium project, the New York Observer reported. The only snag? The developer only recently closed on the site at 206-210 West 77th Street, which is currently home to a parking garage.

Naftali paid $55.5 million for the property, which is nestled between two historic districts, allowing the firm to build without the restrictions that apply to much of the neighborhood, the company said in a release issued today. [more]